new_jersey_tax_free_fund_summary

SUMMARY PROSPECTUS

Lord Abbett New Jersey Tax Free Fund

FEBRUARY 1, 2025

CLASS/TICKER

CLASS A ............

LANJX

CLASS F3 .......

LONJX

CLASS P .........

N/A

CLASS F ............

LNJFX

CLASS I...........

LINJX

Before you invest, you may want to review the Fund’s prospectus and statement of additional

information, which contain more information about the Fund and its risks. You can find the

Fund’s prospectus, statement of additional information and other information about the Fund at

www.lordabbett.com/documentsandliterature. You can also get this information at no cost by

calling 888-522-2388 (Option #2) or by sending an email request to literature@lordabbett.com.

The current prospectus and statement of additional information dated February 1, 2025, as may

be supplemented from time to time, are incorporated by reference into this summary prospectus.

SUMMARY – New Jersey Tax Free Fund

INVESTMENT OBJECTIVE

The investment objective of the Fund is to seek the maximum amount of interest

income exempt from federal income tax as is consistent with reasonable risk. The

Fund also seeks as high a level of interest income exempt from New Jersey personal

income tax as is consistent with reasonable risk.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy, hold, and

sell shares of the Fund.

You may pay other fees, such as brokerage commissions

and other fees to financial intermediaries, which are not reflected in the tables

and examples below.

You may qualify for sales charge discounts if you and certain

members of your family invest, or agree to invest in the future, at least $100,000 in

the Lord Abbett Family of Funds. More information about these and other discounts

is available from your financial intermediary and in “Sales Charge Reductions and

Waivers” on page 147 of the prospectus, Appendix A to the prospectus, titled

“Intermediary-Specific Sales Charge Reductions and Waivers,” and “Purchases,

Redemptions, Pricing, and Payments to Dealers” on page 9-1 of Part II of the

statement of additional information (“SAI”).

Shareholder Fees

(1)

(Fees paid directly from your investment)

Class

F, F3, I, and P

Maximum Sales Charge (Load) Imposed on Purchases

(as a percentage of offering price)

2.25%

None

Maximum Deferred Sales Charge (Load)

(as a percentage of offering price or redemption

proceeds, whichever is lower)

None

(2)

None

SUMMARY – New Jersey Tax Free Fund

Annual Fund Operating Expenses

(Expenses that you pay each year as a percentage of the value of your investment)

Class

Management Fees

0.45%

Distribution and Service (12b-1) Fees

0.20%

0.10%

None

0.45%

Other Expenses

0.20%

0.17%

0.20%

Total Annual Fund Operating Expenses

0.85%

0.75%

0.62%

0.65%

1.10%

Fee Waiver and/or Expense Reimbursement

(3)

(0.03)%

Total Annual Fund Operating Expenses After Fee Waiver and/or

Expense Reimbursement

(3)

0.82%

0.72%

0.59%

0.62%

1.07%

(1)

A shareholder transacting in share classes without a front-end sales charge may be required to pay a commission to its

financial intermediary. Please contact your financial intermediary for more information about whether such a commission

may apply to your transaction.

(2)

A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on certain Class A shares purchased or

acquired without a sales charge if they are redeemed before the first day of the month in which the 18-month anniversary

of the purchase falls.

(3)

For the period from February 1, 2025 through January 31, 2026, Lord, Abbett & Co. LLC (“Lord Abbett”) has contractually

agreed to waive its fees and reimburse expenses to the extent necessary to limit total net annual operating expenses,

excluding any applicable 12b-1 fees, acquired fund fees and expenses, interest-related expenses, taxes, expenses

related to litigation and potential litigation, and extraordinary expenses, to an annual rate of 0.59% for Class F3 and to an

annual rate of 0.62% for each other class. This agreement may be terminated only by the Fund’s Board of Directors.

Example

This Example is intended to help you compare the cost of investing in the Fund with

the cost of investing in other mutual funds. The Example assumes that you invest

$10,000 in the Fund for the time periods indicated and then redeem all of your shares

at the end of those periods. The Example also assumes that your investment has a

5% return each year and that the Fund’s operating expenses remain the same, giving

effect to the fee waiver and expense reimbursement arrangement described above.

Although your actual costs may be higher or lower, based on these assumptions your

costs would be:

Class

If Shares Are Redeemed

If Shares Are Not Redeemed

1 Year

3 Years

5 Years

10 Years

1 Year

3 Years

5 Years

10 Years

Class A Shares

307

487

683

1,248

307

487

683

1,248

Class F Shares

237

414

928

237

414

928

Class F3 Shares

196

343

771

196

343

771

Class I Shares

205

359

808

205

359

808

Class P Shares

109

347

603

1,338

109

347

603

1,338

Portfolio Turnover.

The Fund pays transaction costs, such as commissions, when it

buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover

rate may indicate higher transaction costs and may result in higher taxes when Fund

shares are held in a taxable account. These costs, which are not reflected in the

annual fund operating expenses or in the example, affect the Fund’s performance.

SUMMARY – New Jersey Tax Free Fund

During the most recent fiscal year, the Fund’s portfolio turnover rate was 8% of the

average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

Under normal conditions, the Fund invests at least 80% of its net assets, plus the

amount of any borrowings for investment purposes, in municipal bonds that pay

interest exempt from federal income tax and New Jersey personal income tax. If the

interest on a municipal bond meets these standards, the Fund will treat the bond as

qualifying for purposes of the 80% requirement even if the issuer is located outside

of New Jersey. As a result, the Fund may invest substantially in municipal bonds

issued by or on behalf of issuers located outside of New Jersey. The Fund is

nondiversified, which means it may invest a greater portion of its assets in a single

issuer than a diversified fund. The Fund uses the volatility of the Bloomberg

Municipal Bond Index as an approximation of reasonable risk.

Under normal conditions, the Fund invests in investment grade municipal bonds,

which are bonds that are rated BBB/Baa or higher (at the time of purchase), or an

equivalent short-term rating, as applicable, by an independent rating agency or are

unrated but deemed by Lord Abbett to be of comparable quality. The Fund may

invest up to 20% of its net assets in lower rated municipal bonds (commonly referred

to as “below investment grade,” “high yield,” or “junk” bonds), which are bonds that

are rated BB+/Ba1 or lower (at the time of purchase), or an equivalent short-term

rating, as applicable, by an independent rating agency or are unrated but deemed by

Lord Abbett to be of comparable quality.

The Fund may invest in all types of municipal bonds, including general obligation

bonds, revenue bonds, municipal leases, and variable rate demand notes. The Fund

may invest in both insured and uninsured municipal bonds. The Fund also may

invest in zero coupon, deferred interest, pay-in-kind, and capital appreciation bonds.

The Fund may invest up to 20% of its net assets in municipal bonds that pay interest

that is subject to the federal alternative minimum tax (“AMT”), including private

activity bonds (commonly referred to as “AMT paper”). Although the Fund is

permitted to invest up to 20% of its net assets in fixed income securities that pay

interest that is subject to federal or New Jersey personal income taxes, the Fund

presently has no intention of investing in this manner. There is a risk that a bond

issued as tax-exempt may be reclassified by the Internal Revenue Service (“IRS”) as

taxable.

The Fund will not invest more than 25% of its total assets in any industry; however,

this limitation does not apply to tax-exempt securities and securities issued by the

U.S. Government or its agencies or instrumentalities. Certain types of municipal

securities (including general obligation, general appropriation, municipal leases,

special assessment, and special tax bonds) are not considered a part of any

“industry” for purposes of this industry concentration policy. Therefore, the Fund

may invest more than 25% of its total assets in these types of municipal securities.